Tag: Fails

LAHORE - WAPDA has failed to avail the opportunity to fill Mangla Dam despite prevalence of severe energy crisis in the country. In addition, it could not fulfill its commitment to settle people who had suffered as a result of Mangla Dam Raising Project.
This was disclosed by Azad Kashmir Minister for Information and Overseas Kashmiris Mahmood Riaz, while addressing members of the Lahore Economic Journalists Association (LEJA) at the Lahore Press Club on Wednesday. LPC Vice

ISLAMABAD -The Senate Standing Committee on Law, Justice and Human Rights and Parliamentary Affairs could not reach a consensus over the Election Laws Amendment Bill 2011. The bill was introduced by Senator Syed Nayyer Hussain Bokhari on behalf of the law minister to the committee that met here under the chairmanship of Senator Kazim Khan.
Senator Jehangir Badar, Senator Abdul Haseeb Khan, Senator Raza Rabbani and officials of the law ministry attended the meeting. Senator Raza

KARACHI - Though over two years of the announced three-year 'Strategic Trade Policy 2009-12' have passed, the Ministry of Commerce (MoC) is yet to implement most of its trade initiatives. The ministry had announced that it would undertake various steps, as per the Strategic Trade Policy Framework (STPF), in order to address economic challenges faced by Pakistan.
According to sources, the ministry was unable to initiate almost 12 new projects, for which around Rs 4.0 billion had

LAHORE - The Lahore Stock Exchange (LSE) remained bearish with a decline in the volume. The LSE 25-index lost 17.03 points to close at 3,829.41 against its opening at 3846.44 levels. Out of total 115 active scrips, 19 went up, 39 went down and 57 closed without any change in their opening values.
Volume of the market remained 5.44 million shares, which was 2.41 million shares less than Wednesday's turnover of 7.86 million shares. Lotte Pakistan PTA was the volume leader with 2.67

LAHORE - The Lahore Bar Association (LBA) Election Board could not perform efficiently and took more than 12 hours to announce the final results of the 2011 elections. Poor voting facilities and over-crowded premises did not allow a number of lawyers to cast their vote while only 42.06 percent lawyers could caste their vote and the rest had to return back empty handed. Around 1,816 votes out of the total 4,507 were cast in favour of Shahzad Hassan Sheikh of the Friends Alliance Group,

KARACHI - Despite the public announcement of various types of subsidies on the export of different items, Trade Development Authority of Pakistan (TDAP) has failed to pay billions of rupees to exporters due to the non-release of funds from Ministry of Finance (MOF), sources have revealed.
Though a large number of exporters have applied for the announced subsidies, aimed to promote the country's exports under 'New Trade Initiatives' of TDAP, the authority has not paid a penny to

ABUJA - Ivory Coast's political crisis was deadlocked Tuesday, African mediators said, after the latest diplomatic mission to the country failed to get strongman Laurent Gbagbo to step down as president.
"There is still a stalemate," Nigerian president and Economic Community of West African States (ECOWAS) head Goodluck Jonathan told reporters after talks with envoys who met Gbagbo and his rival Alassane Ouattara on Monday.
Three west African presidents and Kenyan Prime

KABUL - A top official in the Afghan Chamber of Commerce and Industries (ACCI) said the government has not been able to open the way for Afghan trade convoys stuck in Iran and Karachi. It has been four months since food containers bound for Afghanistan have been stopped at Karachi port, the official said. He said despite Pakistan's premier's promise to resolve Afghan trade convoy problems in the country, conditions for Afghan traders have become even worse. ACCI said fines imposed by

LAHORE - Light drizzle has left the city with a dreary, somber mood. Mist hangs low and sometimes not even the dark outline of trees is visible. But the bleak winter weather has not been able to replace the excitement of New Years' eve. Almost everyone has something planned out for the night. Whether it is dance parties or family reunions, people in Lahore are ready to say goodbye to the last night of 2010, filled with hope and excitement. Event managing businesses are flourishing and

ISLAMABAD - The government made yet another attempt to convince Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Fazlur Rehman to revisit his party's decision of quitting the PPP-led government in the Centre, as Interior Minister Rehman Malik, Senator Raza Rabbani and a group of FATA parliamentarians called on the JUI-F chief on Wednesday.
The meeting, however, failed to achieve the desired results. A JUI-F source confirmed that the meetings, which were held separately at Fazl's

ISLAMABAD - Dirty streams, choked by all types of pollutants have so far been left unclean by the Capital Development Authority (CDA), posing a huge threat to the capital's environment.
Sixteen streams (nallahs), running through various sectors of the capital, are blocked by waste including dead trees and pollutants from legal and illegal sewerage connections, a survey conducted by Pakistan Today revealed.
Kachi abadis are located on the banks of these streams in sectors

LAHORE - The government has failed to rein in sugarcane prices as middlemen have maintained high price levels through manipulation, industry sources told Pakistan Today on Thursday.
There has also been a lack of progress with regards to the decision of federal cabinet which had linked the sugarcane support price to the sucrose recovery level. Farmers have complained that they are forced to sell their crop at relatively lower rates with sugar millers emerging as major

MIRPURKHAS: Sindh police have failed to find its constable, who went missing six years ago. The constable, Abrar Ahmad, 29, was performing his duty in Umerkot district, when he was first reported missing in 2004. The miserable mother of the missing Abrar told Pakistan Today that he had gone to his work at Shadi Palli police station on Oct 4, 2004 but never returned.
Munni Begum, 70, with tears in her eyes said that when after ten days of wait, he did not return, her other son

ISLAMABAD: Interior Ministry has failed to produce the reconciled accounts worth Rs 515 million, it collected as fee for arms licences during April 2008 to June 2009 despite repeated directions from the Auditor General of Pakistan, Pakistan Today learnt.
The Interior Division issued 88,838 arms licences during the said period. Fee for these licences was estimated Rs 515 million and it was to be deposited into the government treasury. However, the receipts were not reconciled

BHUBANESWAR: India's maiden test of an upgraded version of its nuclear-capable, medium-range Agni-II ballistic missile ended in failure on Friday, when the missile dropped into the Bay of Bengal.
The surface-to-surface "Agni-II plus" was fired from a mobile rail launcher on Wheeler Island off the coast of the western state of Orissa.
"Shortly after initial take off, it deviated from its course and fell into the sea," an official with the Defence Research and Development

JERUSALEM: The Middle East peace process lay in tatters on Wednesday after Washington admitted defeat in its efforts to secure an Israeli freeze on settlement building, the Palestinians' condition for resuming talks.
Speaking late on Tuesday, US officials admitted top-level efforts to coax Israel into imposing new curbs on West Bank settlement construction had gone nowhere, prompting Palestinian president Mahmud Abbas to declare a crisis in peace efforts but backslapping among

ISLAMABAD: Federal audit authorities have held the Economic Affairs Division (EAD), which deals with foreign loans and grants, responsible for losing out on a major grant of over Rs 53 billion during fiscal year 2008-09.
According to the 2009-10 audit report of the EAD, the failure of the division to finalise the disbursement procedure cost the country grants of over Rs 53 billion.
The report says per Rules of Business 1973, the EAD is assigned the responsibility to